Southern Missouri Bancorp Incorporated

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Southern Missouri Bancorp Incorporated
(573) 778-1800
531 Vine St, Poplar Bluff, MO

Southern Bank has served the financial needs of Southeast Missouri for the last 120 years, making us the oldest financial institution in Southeastern Missouri. We were originally chartered in 1887 as a mutual institution that was owned by its depositors through the hard work and efforts of a group of local businessmen who included B. Duncan, L. B. Walker, W. Graddy, U. E. Shelton and J. Reynolds. Our original founders deposited $100,000 in the Poplar Bluff Loan and Building in order to provide funds for helping people buy houses. The name was chosen to symbolize our original purpose --- providing loans so people could have the funding to build their own home.

Our Company's assets grew slowly from $100,000 to $950,000 when the Federal Savings and Loan Insurance Corporation insured our deposits on December 3, 1951. After this, we started an impressive period of growth where assets increased to $23 million on December 31, 1969. The next phase of our growth was partially due to our expansion into neighboring communities. On April 11, 1969 we opened our first branch in Dexter, Missouri, followed by other branches in Malden (1974), Kennett (1975), a second Poplar Bluff office (1975) and Doniphan (1976). With this expansion, we changed our name to Southern Missouri Savings and Loan on March 18, 1975. At the end of 1979, our assets had grown to $107 million. During the next several years we continued to grow, but now by acquisition. On September 30, 1982 we acquired Pioneer State Savings and Loan and added its offices in Van Buren and Ellington to our operations. During the following year, we acquired the Kennett Savings & Loan Association and merged it with our operations bringing our total assets to $153 million at the end of 1983.

On June 19, 1991, we changed our name to Southern Missouri Savings Bank as part of our efforts to differentiate ourselves from other savings and loans, which were having financial difficulties. On April 13, 1994, we completed a conversion from the mutual form of ownership to being a publicly traded stock company. Our stock trades on the NASDAQ under the symbol "SMBC". On February 17, 1998 we changed our name to its present form, Southern Missouri Bank & Trust. With our name change, we expanded our lending focus to include a greater emphasis on providing commercial and consumer loans as well as commercial deposit products.

During 2000, we continued on our path of expansion with the acquisition of 2 branches in Kennett and Qulin as well as completing the sale of our offices in Malden and Ellington. In 2001, we opened a third location in Poplar Bluff at the intersection of PP Highway and Township Line Rd as well as a new location in Doniphan. At the end of 2001, the Company's assets had grown to $255 million and profits were at record levels.

Not only has the Company's assets and profits grew, the Company's staffing has also grown over the years. In 1925 we doubled our staff to 2 employees and added our third employee, Ms. Emma Talkington in 1955. We now have 92 full and part time employees.
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